Student Loans

A new study from CreditCards.com found almost 1 in 5 people think they’ll never get out of the debt. That’s twice as many people who gave that same response last year. So, what happens to our debt when we die?

More than 70 percent of undergraduate college students take out student loans to help with college costs. The U.S. Department of Education offers several different repayment plans to ease the burden of loan payments for new graduates as they work to establish their careers.

Interest rates for student loans have doubled. The House and Senate failed to come up with a compromised bill during this past session, so the subsidized Stafford Loan rates jumped today from 3.4 percent to 6.8 percent.

With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market rates. Maybe […]

Minnesota Rep. John Kline says he’s concerned the U.S. Department of Education is moving forward with its crackdown on the country’s for-profit schools to protect students from taking on too much debt to attend schools that don’t help their job prospects.